22% sales gain sparks buying in NBTY shares

MichaelBaron

NEW YORK (CBS.MW) -- NBTY Inc.
nbty
gained more than 17 percent to $24.94 after the Bohemia, N.Y., maker of nutritional supplements reported third-quarter earnings of $29 million, or 43 cents per share, down slightly from its year-ago profit of $30 million, or 44 cents per share. The latest results include a $4 million gain related to available foreign tax credits. Seven analysts polled by Thomson First Call were looking for earnings of 36 cents per share in the June period. Sale leapt 22 percent in the latest three months to $308 million from $252 million in the same period a year earlier.

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